National HealthCare (NYSEAMERICAN:NHC) Stock Falls 5.1% – Here’s Why

National HealthCare Corporation (NYSEAMERICAN:NHC) fell 5.1% during mid-day trading on Tuesday. The company traded as low as $212.86 and last traded at $212.2650. 60,295 shares were traded during mid-day trading, a decline of 46% from the average daily volume of 111,545 shares. The stock had previously closed at $223.70.

National HealthCare Price Performance

The business’s 50 day moving average is $227.79 and its 200-day moving average is $191.68. The company has a market cap of $3.33 billion, a PE ratio of 23.88 and a beta of 0.60.

National HealthCare (NYSEAMERICAN:NHC) last released its quarterly earnings data on Thursday, August 6th. The company reported $1.74 earnings per share (EPS) for the quarter. The company had revenue of $408.03 million during the quarter. National HealthCare had a net margin of 9.00% and a return on equity of 10.03%.

National HealthCare Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Wednesday, September 30th will be issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 1.3%. The ex-dividend date is Wednesday, September 30th. National HealthCare’s dividend payout ratio (DPR) is 61.89%.

Insider Activity at National HealthCare

In other National HealthCare news, VP Josh A. Mccreary sold 2,719 shares of National HealthCare stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $224.23, for a total value of $609,681.37. Following the transaction, the vice president owned 9,979 shares in the company, valued at $2,237,591.17. This trade represents a 21.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Vicki L. Dodson sold 4,834 shares of the stock in a transaction on Tuesday, September 22nd. The stock was sold at an average price of $225.00, for a total transaction of $1,087,650.00. Following the completion of the sale, the vice president directly owned 10,726 shares of the company’s stock, valued at $2,413,350. The trade was a 31.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 17,645 shares of company stock valued at $3,991,668 in the last ninety days. 13.92% of the stock is owned by insiders.

Institutional Investors Weigh In On National HealthCare

A number of large investors have recently modified their holdings of the stock. BlackRock Inc. acquired a new position in National HealthCare during the 2nd quarter worth approximately $417,602,000. Morgan Stanley Institutional Investment Advisors LLC acquired a new stake in National HealthCare in the second quarter valued at approximately $217,391,000. First Trust Advisors LP raised its stake in shares of National HealthCare by 45.4% during the first quarter. First Trust Advisors LP now owns 530,302 shares of the company’s stock valued at $84,689,000 after purchasing an additional 165,615 shares during the period. Bank of New York Mellon Corp purchased a new stake in shares of National HealthCare during the second quarter valued at approximately $25,854,000. Finally, Manatuck Hill Partners LLC acquired a new position in National HealthCare in the 2nd quarter worth $12,561,000. Institutional investors and hedge funds own 56.44% of the company’s stock.

National HealthCare Company Profile

National HealthCare Corporation (NHC) is a provider of post-acute and senior healthcare services. The company operates skilled nursing centers, assisted living and memory care communities, and rehabilitation facilities. Its services are designed to support patients recovering from illness or injury, as well as older adults requiring long-term residential care.

NHC also provides home healthcare, hospice, and private-duty nursing services, allowing patients to receive medical and supportive care in their homes or in hospice settings.